Budget Projections for 2010-2019 Indicate Both Higher Levels of Government

question 62

Multiple Choice

Budget projections for 2010-2019 indicate both higher levels of government spending and large budget deficits.Non-Keynesian economists argue that this will lead to

• A)lower taxes,which will reduce aggregate supply and retard long-term growth.
• B)growth rates above the historic average for the decade.
• C)an increase in aggregate demand and real output.
• D)higher interest rates,higher taxes,and sluggish future growth.

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